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U.S. Secretary of Commerce Gina Raimondo is in China this week as part of the Biden administration's wider efforts to try and cool tensions with Beijing. She is the fourth White House official to visit China in the past four months. Amy Celico, a principal at foreign policy firm Albright Stonebridge Group, joins CBS News to analyze the state of U.S.-China relations.
U.S. Commerce Secretary Gina Raimondo's China trip continued Monday with Raimondo saying it's "profoundly important" for China and the U.S. to have a good economic relationship. CBS News' senior White House correspondent Weijia Jiang has more on the trip.
The hot labor market has sent demand for higher pay skyrocketing across several typically low-wage industries and more workers are rejecting the federal minimum wage, according to a report from The New York Times. Lydia DePillis, economics reporter for The New York Times, joined CBS News to discuss the trend.
China's yuan is at a 16-year low and the country appears to be experiencing deflation. Economists say these are signs China could be facing an extended economic downturn. CBS News' Lana Zak has more on what caused this crisis.
Hawaii has relied on tourism for decades, but since the devastating wildfires, unemployment claims have spiked. James Tokioka, director of Hawaii's Department of Business, Economic Development and Tourism, joins CBS News to discuss what people can do to help.
Stocks are holding on to gains after Federal Reserve Chair Jerome Powell said more rate hikes could be on the way.
Job cuts, which amount to about 7% of the wireless carrier's workforce, will affect corporate, tech and back-office roles.
An economic alliance that includes some U.S. adversaries seeks to expand. Current members of the BRICS economic group are Brazil, Russia, India, China and South Africa, but more than 40 countries have expressed interest in joining, from democracies like Argentina to autocracies like Iran. Alexandra Sharp, writer of Foreign Policy's World Brief newsletter, joined CBS News to discuss what the expansion may mean for the U.S.
The first 2024 GOP presidential debate will be held Wednesday night; A'ja Wilson ties WNBA record for most points in a single game.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Former President Donald Trump canceled a news conference he scheduled for next week after his lawyers asked him to compile evidence he claimed would clear him and his allies of any wrongdoing in the Georgia 2020 election interference case into legal filings. Republican strategist and CBS News political analyst Leslie Sanchez and Ashley Etienne, CBS News political contributor and former communications director for Vice President Harris, joined CBS News to discuss the possible effect the Georgia election interference case will have on Trump's support in the state, next week's first Republican presidential debate and a new Associated Press poll on President Biden's approval rating on the economy.
New data released last week showed Chinese exports fell for the third straight month in July, with imports declining last month as well. Peter Goodman, global economics correspondent for The New York Times, joined CBS News to discuss how a faltering Chinese economy could have a ripple effect around the world.
U.S. credit card debt surpassed $1 trillion this week, according to new data from the Federal Reserve Bank of New York. Michelle Lambright Black, the founder of creditwriter.com, explained the factors contributing to the increase in credit card debt among Americans and provided tips on how to pay down the balances.
The White House is marking one year since the Inflation Reduction Act was signed into law. CBS News chief White House correspondent Nancy Cordes previewed President Biden's remarks on Wednesday and discussed his upcoming trip to the Hawaiian island of Maui following the deadly wildfires.
Economic forecasts had recession on the mind earlier this year, because of concerns over inflation and interest rate hikes to combat it. But the labor market has stayed strong, price increases have eased and people are still making purchases. Abha Bhattarai, economics correspondent for the Washington Post, joined CBS News to discuss.
The wildfires in Maui have taken the lives of nearly 100 people and the livelihoods of countless others. Local officials estimate tourism accounts for roughly 80% of the island's economy, with 1.5 million visitors spending $3.47 billion in the first half of 2023. James Tokioka, director of Hawaii's Department of Business, Economic Development and Tourism, joins CBS News to discuss the financial impact of the wildfires and what the biggest priority is for rebuilding.
Views of the national economy have grown more connected to political partisanship.
Wholesale prices increased three-tenths of a percent for the month of July, according to a report from the Bureau of Labor Statistics. This comes a day after the consumer price index report showed prices rose by two-tenths of a percent last month. Hope King, senior business reporter for Axios, joined CBS News to talk about what those numbers mean for consumers and the economy.
Even though inflation has slowed, many Americans are still seeing costs rise for necessities like rent, groceries and utilities. Carter Evans has details.
President Biden praised the numbers in the latest consumer price index report saying it shows the "economy remains strong." The report shows inflation rose for the first time in 12 months, but not as much as experts predicted. CBS News senior White House correspondent Weijia Jiang has more.
A new report from the Bureau of Labor Statistics shows prices for consumer goods rose two-tenths of a percent in July, bringing the annual level to 3.2%. Javier David, managing editor for business and markets for Axios, joined CBS News to go inside the numbers and discuss the possibility of further rate hikes.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
President Biden woke up Tuesday morning in Arizona, the first of three stops on a western trip where he'll tout what his administration says is the success of so-called "Bidenomics." CBS News White House reporter Bo Erickson is covering the president in Arizona and has the latest.
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Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University.
Erika Kirk, the widow of Charlie Kirk, speaks out for the first time since her husband's death on Wednesday.
Mr. Trump said that NATO's commitment to winning the war in Ukraine "has been far less than 100%."
X's AI chatbot Grok, the AI-search engine Perplexity and Google's AI summaries all provided false information in the aftermath of Charlie Kirk's assassination.
An ICE agent shot and killed a man in Franklin Park, Illinois, Friday morning after authorities say he attempted to drive into agents as they tried to make an arrest.
No information was provided on how many people are being held in each country, who they are or why they were imprisoned.
Missouri is the third state to seek to redraw its congressional maps ahead of next year's midterms.
The Justice Department filed a $125 million lawsuit against Uber, alleging the company discriminates against disabled passengers.
Fourteen animal shelter workers were evacuated and went to the hospital. The shelter's 75 dogs and cats were relocated or put into foster homes.